Four gifted magicians—J. Daniel Atlas (Jesse Eisenberg), Henley Reeves (Isla Fisher), Jack Wilder (Dave Franco), and Merritt McKinney (Woody Harrelson)—are brought together, via Tarot cards, by a mysterious benefactor and, one year later, perform in Las Vegas as "The Four Horsemen" sponsored by Arthur Tressler (Michael Caine), an insurance magnate. For the finale of their performances, the Four Horsemen invite a member of the audience to help them in their next trick: robbing a bank. The man is apparently teleported to a bank in Paris, where he activates an airduct which vacuums up the money and showers it onto the crowd in Las Vegas.

FBI agent Dylan Rhodes (Mark Ruffalo) is called to investigate the theft and is partnered with Interpol Agent Alma Dray (Mélanie Laurent). They interrogate the Four Horsemen, but release them when no explanation for the theft can be found other than magic. Rhodes then meets Thaddeus Bradley (Morgan Freeman), an ex-magician who makes money by revealing the secrets behind other magicians' tricks. Bradley was in the audience and deduced that the Four Horsemen stole the money weeks before, and manipulated the audience into believing it happened in real time.

Rhodes, Dray, and Bradley attend the Four Horsemen's next performance in New Orleans. The group's finale involves them stealing roughly $140 million from Tressler's bank account and distributing it to the audience, which comprises people whose insurance claims had been denied or reduced by Tressler's company. Rhodes attempts to arrest the Four Horsemen, but they escape with help from audience members who werehypnotized to tackle whoever next yelled "Freeze". An infuriated Tressler hires Bradley to expose and humiliate the Four Horsemen in their next performance. Later, while researching the Four Horsemen's background, Dray learns about rumors of a secret society of magicians called "The Eye" and suggests to a skeptical Rhodes the case might be connected to a magician whom Bradley once exposed, and was so humiliated that he attempted a dangerous underwater stunt and drowned.

Before the Four Horsemen's last performance in New York City, Rhodes and Dray locate the group's hideout and confront Wilder there. Wilder attempts to escape in a stolen car, but during the chase it flips and explodes. Rhodes and Dray learn that the Four Horsemen are targeting a particular safe, which is under the surveillance of another FBI team which has taken over the case. They intercept the safe en route to 5 Pointz, but find it empty. The ability of the Four Horseman to continually outwit the FBI leads Rhodes to suspect that there must be a fifth member of the team who controls the Four Horsemen, potentially Dray or Bradley.

At the final performance, Rhodes and Dray once again attempt to apprehend the Four Horsemen, but Atlas, Reeves, and McKinney jump from the rooftop, seemingly transforming into piles of money that rain from the sky into the cheering crowd, but it turns out the money is fake, and it has the Four Horsemen's faces on every dollar. Rhodes and Dray are left with the case unsolved..

Bradley returns to his car, discovering it to be filled with the real money from the stolen safe. The FBI arrest Bradley and take him to prison, where Rhodes visits him. Bradley claims he was framed and explains how the group performed the safe heist through use of mirrors. He hopes this will clear him of charges, only to realize Rhodes is the fifth Horseman and mastermind of the entire plot, though Bradley is unable to determine why. Rhodes leaves Bradley in jail and reunites with the Four Horsemen, including Wilder, who faked his death. They are surprised to discover Rhodes is the benefactor who assembled them the previous year, and he initiates them into The Eye.

Rhodes later meets Dray in France and reveals that he is the son of Lionel Shrike, the magician who drowned years ago. He designed the Horsemen plot to obtain revenge on those involved: Bradley, for humiliating his father, and potentially even sabotaging the trick; the bank in Paris and Tressler's company, which refused to pay insurance on his father's death; and the company that produced the safe used in the trick. Due to the inferior quality of metal used to construct the safe, it warped, resulting in Rhodes' father's inability to escape it. Rhodes was living in poverty until The Eye recruited him. Dray then decides not to turn him in, and together they overlook theSeine River.

Now You See Me received mixed reviews from critics, who have praised the film's star-studded cast and engaging storyline. The film's most common criticism is that various plot points were insufficiently resolved at the movie's conclusion, leaving some questions unanswered or answered unclearly (although it has been suggested that this was intentional, potentially leaving room for a sequel).[5]Based on 108 reviews from film critics, Rotten Tomatoes rated the film 48%, with the site's consensus saying "Now You See Me's thinly sketched characters and scattered plot rely on directorial sleight of hand to distract audiences—and director Louis Leterrier lacks sufficient cinematic prestidigitation to pull it off in the final act."[6]

Despite the mixed reviews, the film has had a successful box office run, placing #2 behind Fast & Furious 6 getting $29,350,389 on its opening weekend, released in 2925 theaters. As of July 7th, it has earned $110,498,603 at the North American domestic box office and $59,100,000 internationally, totally $169,598,603 worldwide. By 30th June it had grossed double its production budget